UK Financial Services Act 2021 Receives Royal Assent
By EsqSocial Corporation 10/05/21
On 29 April 2021, the Financial Services Bill received Royal Assent in the UK, becoming law as the Financial Services Act 2021 (the “Act”). This is the first significant step for the UK in shaping its financial services regulatory framework following transition out of the European Union (“EU”), with HM Treasury affirming last week that the Act “will ensure the UK remains an open and dynamic financial centre, with the highest regulatory standards, and protect people across the UK as they use...
By: Morrison & Foerster LLP